March 2, 2017 / 8:02 AM / 9 months ago

BRIEF-Storytel buys Danish publisher People's Press

March 2 (Reuters) - Storytel AB (publ):

* Acquires 100 pct of shares in Danish publisher, ArtPeople A/S (under name change to People’s Press A/S)

* Purchase price is 75.0 million Danish crowns (about 97.0 million Swedish crowns or $10.72 million) on debt-free basis

* Acquisition will be primarily financed by own resources and via rights issue of shares of series B to seller of People’s Press Source text for Eikon: Further company coverage: ($1 = 9.0449 Swedish crowns) (Gdynia Newsroom)

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